4 Tech Stock Stories to Kick Off the New Trading Week
Baidu Inc. (NASDAQ:BIDU): Closing price $142.59
On Monday, the Chinese search major Baidu officially released a HDMI TV plugin, which appears to be a clone of Google’s Chromecast. The devise is being sold on the e-commerce site Jingdong for $32, reported first by Tencent Tech, as the firm ventures into the hardware space to extend Web services beyond its traditional outlets. Earlier in September, Baidu began selling smart TVs in China by means of its iQiyi business. Later, it discretely announced the debuts of three gadgets: a USB WiFi dongle, a wireless router, and a TV dongle.